Mubea signs joint venture with Somboon Advance Technology

Blumenthal Richter & Sumet is proud that one of its recent transactions was featured in the international legal press. Mubea Engineering AG, Germany and Somboon Advance Technology, Thailand (SAT) have signed an agreement on the establishment of a joint venture in Thailand.

Senior Partner Andreas C. Richter was interviewed in connection with the transaction in the September 2017 issue of Lawyer Monthly, a legal news publication featuring the latest deals, appointments, and expert insights from legal professionals around the globe.

Hengeler Mueller acted as lead counsel for the Mubea Group and BRS advised on all Thai law aspects of the project. The BRS team was led by Andreas and included Partner Mr. Stefan Riedl.

Globally, Thailand is the main original equipment manufacturer for car assembly and parts-making and serves automakers worldwide. The joint venture gives Mubea access to this important Thai market segment, which is expected to grow by 7.5% to USD 18.5 Billion in 2017 due to a strong supply chain in the automotive sector. SAT, meanwhile, will benefit from a knowledge and technology transfer, which will result in the joint venture capturing a sizeable market share in the near future.